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Retirement plan

RETIREMENT PLAN FOR EMPLOYEES OF AETNA INC.

AETNA INC.EIN 23-2229683Plan #003PY 2021
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151 FARMINGTON AVE., RTAA - HARTFORD, CT 06156401-765-1500
Prospect flagsHigh retiree %Low returnsWind-down / frozen

Filing contacts

From the Form 5500, federal record
Plan sponsor signer
(name not on filing)
(401) 765-1500
Plan administrator signer
ROBERTA JOHNNENE
Signed 10/05/2022
How to read this page

Summary metrics

Total assets (EOY)
$6885.5M
-1.5% from 2016
Total participants
53,671
+2.3% from 2016
Average account balance
$0
No prior year
Annual return
1.61%
-7.92 pp from 2016

Benchmarks

See 31 peers
Peer group
Industry52 - Finance and Insurance
Plan typeDefined benefit
Participants>=10,000
Cohort31 peers
Snapshot2021
Participant deferral / active EE
$0
median $81
Employer contribution / active EE
$0
median $4,047
Participation rate
0.0%
median 0.0%
Avg account balance
$0
Admin fee / account holder
$0
Annual return
1.61%
median 9.49%
Overall peer rank
10th percentileavg across 6 metrics

Analytics

2015 - 2024
Total assets (EOY)
Plan-year ending balance
$5.24B
Average account balance
Total assets / participants with a balance (line 6g)
$106K
Participants with account balance
Stacked by status: active / separated vested / retired or beneficiary. Total = line 6g.
40,387
Eligible Participants and Participation
Bars: eligible actives (line 6a). Line: derived rate = active employees with a balance / 6a.
0.0%
Contributions (total)
Employer and participant dollars contributed each year
Not enough data
0 years with contributions on file
Contributions per participant
Average employer and participant contribution per enrolled participant
Not enough data
0 years with per-participant contribution data
Asset flow
BOY + contributions + return - distributions = EOY
Year
Annual return
Diverging bars; negative years highlighted
+3.09%
Admin fee / account holder
Total admin expenses / participants with a balance (line 6g)
$0
Asset composition
Cash / stocks / bonds / mutual funds / real estate / loans over time
  • Mutual / pooled
  • Stocks
  • Bonds
  • Cash
  • Real estate
  • Loans

Service providers

Top 10 of 31 by compensation
ProviderService typeCompensation
ALIGHT SOLUTIONS LLC5 years
Service code 14 · EIN 82-1061233
Plan Administrator
$2,493,492
AETNA LIFE INSURANCE COMPANY7+ years
Service code 13 · EIN 06-6033492
Contract Administrator
$2,244,118
MFS INSTITUTIONAL ADVISORS INC.7+ years
Service code 28 · EIN 04-3247425
Investment Management
$1,447,712
PACIFIC INVESTMENT MANAGEMENTCO LLC7+ years
Service code 28 · EIN 33-0629048
Investment Management
$1,309,326
JENNISON ASSOCIATES LLC7+ years
Service code 28 · EIN 22-2540245
Investment Management
$1,179,274
BLACKROCK FINANCIAL MANAGEMENT INC7+ years
Service code 28 · EIN 13-3806691
Investment Management
$1,014,476
LEGAL & GENERAL INV MGMT AMERICA3 years
Service code 28 · EIN 20-8058531
Investment Management
$956,850
JPMORGAN CHASE BANK NA7+ years
Service code 19 · EIN 13-4994650
Securities Custodian
$896,018
WELLINGTON MANAGEMENT CO LLP7+ years
Service code 28 · EIN 30-0835489
Investment Management
$866,366
DODGE & COX7+ years
Service code 28 · EIN 94-1441976
Investment Management
$842,134

Enrolled actuary

1 attachment
SB

ERIC A. KEENER

AON CONSULTING, INC.
Enrollment #2006663
201 MERRITT 7, SUITE 2
NORWALK, CT 068511056
(203) 852-1100
Signed 2022-09-08

Top hat statement on fileNQDC

Filed September 24, 1992

This is a legacy paper filing. Plan administrator and contact details are recorded in the original filing, which has not been digitised into structured fields.

Open the filing PDF

Plan features & details

Pension benefit codes1C1A3H1I
Plan features
  • 1A
    Benefits are primarily pay related
    Benefits under the plan are primarily determined with reference to a participant's pay (e.g. final-average-pay formula).
  • 1C
    Cash balance or similar plan
    A cash balance formula in a defined benefit plan that expresses the accrued benefit in terms more common to a defined contribution plan such as a hypothetical account balance or single sum amount (includes personal account plan pension equity plan life cycle plan and cash account plan).
  • 1I
    Frozen plan
    As of the last day of the plan year the plan provides that no participant will get any new benefit accrual whether because of service or compensation.
  • 3H
    Controlled group member
    Plan sponsor(s) is (are) a member(s) of a controlled group (Code sections 414(b) (c) or (m)).

Opportunity flags

3 tripped
  • OpportunityLow returns

    Annual investment return is in the bottom quintile of the peer cohort.

  • InformationalHigh retiree %

    Retirees and beneficiaries make up 25% or more of total participants - indicates an ageing workforce or a frozen plan.

  • InformationalWind-down / frozen

    Plan appears closed to new enrollment or frozen - balance-holders far exceed active participants, or the plan reports active distributions with no inflows. Exclude from peer benchmarks.

Expense breakdown

Schedule H Part II
Admin total
$28.4M
$2475 / participant
  • Investment mgmt$18M63.9%
  • Contract admin$5M16.1%
  • Other / not subdivided$6M20.0%
% of EOY assets
0.412%
all-in expense ratio
Categories reported
2 / 9
subdivided buckets used

Audit opinion

Schedule H Part III
Unqualified opinion

Auditor signed off without reservation - the cleanest possible opinion.

Auditor firm
ERNST & YOUNG LLP
Auditor EIN
346565596
Audit fees
(not subdivided)
Opinion code
Unqualified